Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 4 4:00 PM EST

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Chip McVickar

Kirk ©

To: Kirk © who wrote (64688)	10/3/2014 1:19:07 PM
From: chainik	2 Recommendations of 218409

If you want to make a lot of money "selling advice" then recommend what looks great as that is what people want to pay for. Good point. This is the only reason why "advices" are useful (that is, for contrarian purposes). I've been taking profits in what looks great and using the RUT pullback to buy what is way out of favor. I've been shorting RUT all year, and it was a pleasure. But now - the chart looks terrible, everybody knows that RUT is weak, everybody knows why it is weak. Insiders are buying. IMO it is getting dangerous to short it.

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